CFPB Pay Fairness Act of 2025
The CFPB Pay Fairness Act of 2025 would change how the Bureau of Consumer Financial Protection pays its employees. Specifically, it would require the Director of the CFPB to set and adjust all rates of basic pay for Bureau employees in accordance with the General Schedule (GS), the standard pay scale used across most federal agencies. The change would take effect 90 days after enactment. In short, the bill aims to align CFPB compensation with the broader federal pay system rather than maintaining any separate or Bureau-specific pay structure. This shift could affect recruitment, retention, and overall compensation practices at the CFPB by bringing their pay more in line with other federal agencies. It would centralize pay setting within the Director’s authority but constrain it to the GS framework defined by federal law.
Key Points
- 1The bill amends CFPA section 1013(a)(2) to require that all Bureau employees’ basic pay rates be set and adjusted by the Director in accordance with the General Schedule.
- 2The General Schedule is the pay scale described in 5 U.S.C. 5332 that governs federal employee pay.
- 3The change takes effect 90 days after enactment.
- 4The bill is titled the “CFPB Pay Fairness Act of 2025.”
- 5The provision applies to all employees of the CFPB, tying their compensation to the GS framework rather than any separate pay system.